Diane Greene announced on Friday that she was stepping down after three years running Google’s cloud business. She will stay on until the first of the year to help her successor, Thomas Kurian in the transition. He left Oracle at the end of September after more than 20 years with the company, and is charged with making Google’s cloud division more enterprise-friendly, a goal that has oddly eluded the company.
Greene was brought on board in 2015 to bring some order and enterprise savvy to the company’s cloud business. While she did help move them along that path, and grew the cloud business, it simply hasn’t been enough. There have been rumblings for months that Greene’s time was coming to an end.
So the torch is being passed to Kurian, a man who spent over two decades at a company that might be the exact opposite of Google. He ran product at Oracle, a traditional enterprise software company. Oracle itself has struggled to make the transition to a cloud company, but Bloomberg reported in September that one of the reasons Kurian was taking a leave of absence at the time was a difference of opinion with Chairman Larry Ellison over cloud strategy. According to the report, Kurian wanted to make Oracle’s software available on public clouds like AWS and Azure (and Google Cloud). Ellison apparently didn’t agree and a couple of weeks later Kurian announced he was moving on.
Even though Kurian’s background might not seem to be perfectly aligned with Google, it’s important to keep in mind that his thinking was evolving. He was also in charge of thousands of products and helped champion Oracle’s move to the cloud. He has experience successfully nurturing products enterprises have wanted, and perhaps that’s the kind of knowledge Google was looking for in its next cloud leader.
Ray Wang, founder and principal analyst at Constellation Research says Google still needs to learn to support the enterprise, and he believes Kurian is the right person to help the company get there. “Kurian knows what’s required to make a cloud company work for enterprise customers,” Wang said.
If he’s right, perhaps an old-school enterprise executive is just what Google requires to turn its Cloud division into an enterprise-friendly powerhouse. Greene has always maintained that it was still early days for the cloud and Google had plenty of time to capture part of the untapped market, a point she reiterated in her blog post on Friday. “The cloud space is early and there is an enormous opportunity ahead,” she wrote.
She may be right about that, but marketshare positions seem to be hardening. AWS, which was first to market, has an enormous marketshare lead with over 30 percent by most accounts. Microsoft is the only company with the market strength at the moment to give them a run for their money and the only other company with double digit market share numbers. In fact, Amazon has a larger marketshare than the next four companies combined, according to data from Synergy Research.
While Google is always mentioned in the Big 3 cloud companies with AWS and Microsoft, with around $4 billion revenue a year, it has a long way to go to get to the level of these other companies. Despite Greene’s assertions, time could be running out to make a run. Perhaps Kurian is the person to push the company to grab some of that untapped market as companies move more workloads to the cloud. At this point, Google is counting on him to do just that.
The Big Differences Between The Crypto Exchanges Explained
Perhaps the first thing that a trader will look for when evaluating investment platforms is the fee structure. Fees are common across trading avenues, and understanding the inherent costs that come along with placing trades, holding assets, and transferring funds into and out of brokerage accounts is essential to making smart decisions throughout the investment experience.
The Motley Fool reports that Gemini (as of July 2022) provides trading services at a slightly lower rate than Coinbase (a maximum of 0.4% and 0.6%, respectively). The fee structures are very similar, and each platform uses alternative cost bases depending on whether you will be trading with the basic or advanced interface. At the core of investing (and earning a profit for your efforts) is the raw calculation of profit. Your margin will always be affected by the fees that are taken off the top, so understanding what those costs are and how they are assessed is critical. In this regard, Gemini comes out a nose ahead.
However, fee structure isn’t everything. While Coinbase might charge a slightly inflated fee to use the platform to perform cryptocurrency operations, the Coinbase trade deck supports more than twice as many cryptocurrency coins than Gemini. CryptoVantage notes that stablecoins have retained value better than the typical altcoin in the current bear marketplace, meaning there may be an opportunity for greater growth figures among some of the lesser-known or smaller crypto assets out there. If this resonates with you, Coinbase may be your only option for gaining access.
This Apple-1 Computer Is The Most Expensive In The World
While it might have been a “working computer,” it certainly wasn’t complete, and it looked nothing like what we expect a fully functioning computer to look like today. The first Apple-1s were basically just a fully assembled circuit board with 60 or so microchips. The end user still had to provide the “case, power supply transformers, power switch, ASCII keyboard, and composite video display” (via Jeffry Norman’s History of Information). Thankfully, the Apple-1 was selling at a computer hobbyist store where someone could purchase all of those things separately — American consumerism at its finest.
Over the years, several computers from the first batch of 200 Apple-1s have sold at auction. Each is unique because, after their initial sale, they were customized by each owner. In November 2021, the “Chaffey College” Apple-1, named because it was initially purchased by a professor at the college, sold for $400,000. In March 2020, RR Auction sold one for $458,711. In May 2019, Christie’s sold one for $459,000. Christie’s reportedly sold one signed by Steve Wozniak in 2013 for $387,750, and Charitybuzz sold another for $815,000 in August 2016.
Yet, none of those were the priciest Apple on the tree.
In October 2014, the Henry Ford Museum paid $905,000 for what amounted to a “vintage keyboard with pre-7400-series military specification chips, a vintage Sanyo monitor, a custom power supply in a wooden box, as well as two vintage tape-decks.” After what was described by Bonhams as “fierce competition with a bidder on the telephone,” the final sale price ended at nearly twice the estimate going into the auction. That kind of money puts a whole new spin on the idiom, “How ’bout them apples?”
Elon Musk’s Tesla Optimus Robot Actually Works
What’s arguably more interesting is what’s going on inside. Optimus uses the same self-driving computer as Autopilot in Tesla’s electric cars relies upon. It also trains itself using the same processes that Autopilot does on the roads. The development platform uses “semi off-the-shelf actuators,” Musk says. The battery is in the center of the robot’s torso, with 2.3 kWh capacity. That should be enough for a full day’s work, Tesla says.
The goal, Musk says, is a robot that can liberate a human workforce. He’s predicting “maybe a two order of magnitude potential improvement in economic output” by replacing human workers with Optimus.
As to whether that’s something, long term, people actually want, Musk pointed out that Tesla being a publicly traded company means it’ll be down to shareholders to decide. “The public controls Tesla, and I think that’s a good thing,” the CEO explained. “Because if I go crazy, you can fire me.”
Meta plans hiring freeze, NASA shoots an asteroid, and Elon’s texts about Twitter are made public • TechCrunch
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